Investments

[Dennis Powless]

I kinda figured this out.... took me a while.

So, I guess I kinda determined that for a mutual fund... I need
several accounts.

actual mutual fund account in assets:investments.....

A cash account to hold cash holdings....  income:cash reserves

A dividends accounts    income:dividends



I get dividends and I have to put them into the dividends account,
then move the funds as buy in the mutual fund.  The cash that is held
is then moved into the cash account.  Then when it is needed or used
for buys it is moved to the mutual fund account.

When I buy shares (contribution from work income) I will transfer
funds from my paycheck into the mutual fund.  Is this correct?

Does this all sound correct?  It's not very clear in the help guides.....



Dennis

On Sun, Nov 21, 2010 at 9:49 AM, John Ralls <jralls at ceridwen.us> wrote:
>
> On Nov 20, 2010, at 9:40 PM, Dennis Powless wrote:
>
>> I'm having some difficulty setting up my retirement account in GC.  I
>> imported all my data from quicken.  I don't have a complicated
>> portfolio, I just have two accounts both held at the same company.
>>
>> I have a Roth IRA and a 403B at work.  The amounts are all messed up
>> from the import, showing large negative numbers :(   supposed to be
>> positive.
>>
>> I have run the new account druid to get the hierarchy, which gives me
>> the correct accounts.
>>
>> I wanted to start over and re-enter all the data...
>>
>> I set up accounts
>>
>> assets:investments:XYZ company:RothIRA
>> assets:investments:XYZ company:403B
>>
>>
>> The issue is, the accounts are only set up just like all the other
>> ones just in and out..... no sell, buy tot shares  etc...
>>
>>
>> What am I doing wrong?
>
> You will  need to set up a sub-account under each for each stock/bond/mutual fund that you own. Those sub-accounts will be of type "stock" and will have as "currency" the actual stock. That will enable the buy and sell columns.
>
> Regards,
> John Ralls
>
>
>